Creative Media & Community Trust Co. (NASDAQ:CMCT) Short Interest Down 41.3% in November

Creative Media & Community Trust Co. (NASDAQ:CMCT) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 62,700 shares, a decrease of 41.3% from the October 31st total of 106,900 shares. Based on an average daily volume of 572,700 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. in a research note on Saturday, November 23rd. They set a “sell” rating for the company.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

A number of institutional investors have recently modified their holdings of CMCT. International Assets Investment Management LLC purchased a new position in Creative Media & Community Trust Co. during the third quarter worth about $29,000. EWG Elevate Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at about $37,000. Stonebridge Financial Planning Group LLC purchased a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth about $39,000. Calton & Associates Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth approximately $47,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth approximately $50,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ CMCT traded up $0.01 during trading on Thursday, reaching $0.25. The company had a trading volume of 1,065,649 shares, compared to its average volume of 174,548. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. Creative Media & Community Trust Co. has a twelve month low of $0.21 and a twelve month high of $4.40. The stock has a 50-day moving average price of $0.57 and a two-hundred day moving average price of $1.78. The stock has a market capitalization of $21.29 million, a PE ratio of -0.09 and a beta of 0.56.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The company had revenue of $28.62 million during the quarter. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. As a group, sell-side analysts predict that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Creative Media & Community Trust Co. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 65.15%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -5.56%.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.